8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                _________________

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


         Date of Report (Date of earliest event reported): June 3, 2005



                           DECKERS OUTDOOR CORPORATION
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             (Exact name of registrant as specified in its charter)

                                    Delaware
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                 (State or other jurisdiction of incorporation)


           0-22446                               95-3015862
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  (Commission File Number)           (I.R.S Employer Identification No.)


     495A South Fairview Avenue, Goleta, California       93117
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         (Address of principal executive offices)       (Zip Code)

Registrant's telephone number, including area code:        (805) 967-7611
                                                        ------------------------


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Ac
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

                                      -1-



Item 7.01.     Regulation FD Disclosure.


     On June 3, 2005, Deckers Outdoor Corporation issued a press release
updating its earnings guidance for the quarter ending June 30, 2005 and the
fiscal year ending December 31, 2005. A copy of the press release is furnished
as Exhibit 99.1 to this Current Report on Form 8-K.


     The information in this Item 7.01 of this Current Report on Form 8-K,
including Exhibit 99.1, is being furnished and will not be treated as "filed"
for the purposes of Section 18 of the Securities Exchange Act of 1934 (the
"Exchange Act") or otherwise subject to the liabilities of that section. This
information will not be deemed incorporated by reference into a filing under the
Securities Act of 1933, or into another filing under the Exchange Act, unless
that filing expressly refers to specific information in this Item 7.01 or to
Exhibit 99.1. The furnishing of the information in this Item 7.01 is not
intended to, and does not, constitute a representation that such furnishing is
required by Regulation FD or that the information this Report contains is
material investor information that is not otherwise publicly available.

Item 9.01.     Financial Statements and Exhibits.

        (c)      Exhibits.

                 Exhibit No.                  Description
                 -----------                  -----------

                        99.1                  Press release, dated June 3, 2005


                                      -2-


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                  Deckers Outdoor Corporation

 Date:  June 3, 2005              By:      /s/ M. Scott Ash
                                           -------------------------------------
                                           M. Scott Ash, Chief Financial Officer


                                      -3-


                                  Exhibit Index
                                  -------------

 Exhibit No.                        Description
 -----------                        -----------


 99.1                               Press release, dated June 3, 2005

                                      -4-

EX-99.1

                                                                    Exhibit 99.1

Deckers Outdoor Revises Second Quarter and Fiscal 2005 Guidance

    GOLETA, Calif.--(BUSINESS WIRE)--June 3, 2005--Deckers Outdoor
Corporation (NASDAQ: DECK) today announced that it has revised its
sales and earnings guidance for the second quarter and full fiscal
year 2005.
    For the second quarter ending June 30, 2005, Deckers now expects
to report net sales in the range of $38 million to $39 million and
diluted earnings per share between $0.15 and $0.18, compared to its
previous guidance of net sales between $40 million and $41 million and
earnings per diluted share between $0.28 and $0.30. For the fiscal
year ending December 31, 2005, the Company now expects to report net
sales of $248 million to $258 million and earnings per diluted share
between $2.32 to $2.43, compared to its previous guidance of net sales
between $250 million and $260 million and earnings per diluted share
between $2.45 and $2.55.
    Douglas Otto, Chairman of Deckers Outdoor stated, "As we
previously discussed, our Teva business has been affected by
unseasonably cold weather and this trend continues, negatively
impacting our forecast for the second quarter. With the approaching
end of the selling season for sandals, we are discounting selected
Teva styles, which will adversely affect our projected gross margin.
At the same time, we remain very comfortable with our outlook for the
second half of the year as demand for UGG continues to be strong,
orders are booked and the response to our new Fall UGG product line
has been very positive across the board."
    The Company is hosting an Institutional Investor/Analyst Day
today, Friday, June 3, 2005 in Vail, Colorado. Management discussions
will include the above mentioned second quarter and fiscal 2005
guidance revision as well as the current state of its brands,
strategic initiatives and growth opportunities. As previously
announced, the event will be broadcast live today, June 3, 2005
beginning at approximately 9:00 a.m. Mountain Time and can be accessed
on the Company's website, located at www.deckers.com. For those who
are unavailable to listen to the live broadcast, the call will be
archived for thirty days.

    Deckers Outdoor Corporation builds niche products into global
lifestyle brands by designing and marketing innovative, functional and
fashion-oriented footwear, developed for both high performance outdoor
activities and everyday casual lifestyle use. The Company's products
are offered under the Teva, Simple and UGG brand names.

    All statements in this press release that are not historical facts
are forward-looking statements, including the Company's estimates
regarding net sales, gross margin and earnings per diluted share
results for the second quarter ending June 30, 2005 and the fiscal
year ending December 31, 2005 and its expectations regarding the
timing of the potential incremental sales and earnings per share
results. These forward-looking statements are based on the Company's
expectations as of today, June 3, 2005. No one should assume that any
forward-looking statement made by the Company will remain consistent
with the Company's expectations after the date the forward-looking
statement is made. The Company intends to continue its practice of not
updating forward-looking statements until its next quarterly results
announcement. In addition, such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause the actual results, performance or achievements of the Company,
or industry results, to differ materially from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Many of the risks, uncertainties and other
factors are discussed in detail in the Company's Annual Report on Form
10-K for the fiscal year ended December 31, 2004. Among the factors
that could impact results are the general economic conditions and
strength or weakness in the retail environments in which the Company's
products are sold. In addition, the Company's sales are highly
dependent on consumer preferences, which are difficult to assess and
can shift rapidly. Any shift in consumer preferences away from one or
more of the Company's product lines could result in lower sales as
well as obsolete inventory, both of which could adversely affect the
Company's results of operations, financial condition and cash flows.
The Company also depends on its customers continuing to carry and
promote its various lines. Availability of products can also affect
the Company's ability to meet its customers' orders. Sales of the
Company's products, particularly those under the Teva(R) and UGG(R)
lines, are very sensitive to weather conditions. Extended periods of
unusually cold weather during the spring and summer could adversely
impact demand for the Company's Teva(R) line. Likewise, unseasonably
warm weather during the fall and winter months could adversely impact
demand for the Company's UGG(R) product line. Given these
uncertainties, prospective investors are cautioned not to place undue
reliance on such forward-looking statements. The Company disclaims any
obligation to update any such factors or to publicly announce the
results of any revisions to any of the forward-looking statements
contained in the 2004 Annual Report on Form 10-K, the Quarterly
Reports on Form 10-Q or this news release.

    CONTACT: Deckers Outdoor Corporation
             Scott Ash, 805-967-7611
             or
             Investor Relations:
             Integrated Corporate Relations, Inc.
             Chad A. Jacobs or Brendon Frey, 203-682-8200